Polymer Concrete Market

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POLYMER CONCRETE MARKET ANALYSIS

• Polymer Concrete Market, By Material Type
  (Polyester, Vinyl Ester, Epoxy Based, Others), By
  Binding Agent (Natural Resin, Synthetic Resin),
  By Application (Solid Surface Countertops,
  Outdoor Seats Benches, Waste Containers, Pump
  Bases, Flooring Blocks, Chemical Containments,
  Trench Drains, Others), By End User (Industrial
  (Energy Utilities, Pulp Paper, Chemicals,
  Metallurgy, Food Processing, Automotive, Others),
  Residential Municipal (Buildings, Roadways,
  Pipes Tunnel Liners, Bridges, Others),
  Commercial (Service Stations, Retail Spaces,
  Other Establishments)), and By Region (North
  America, Europe, Latin America, Asia Pacific,
  Middle East Africa) - Size, Share, Outlook, and
  Opportunity Analysis, 2019 - 2027

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• Polymer concrete is categorized under composite
  materials that use thermoplastics polymers with
  an epoxy binder to harden materials in the
  construction industry. It has water, gravel, and
  sand as an important ingredient which makes it
  suitable for the repair of any concrete
  structure. Polymer concrete have higher
  compressive and impact strength as compared to
  other types of concretes used in the construction
  industry. They can be classified into a vinyl
  ester, polyester, epoxy-based others. Some of
  the major end-user of the polymer concrete are
  industrial, residential municipal, and
  commercial.
• The global polymer concrete market is projected
  to reach US 691.8 million by the end of 2027, in
  terms of revenue, growing at CAGR of 7.9 during
  the forecast period (2019 to 2027).
• Drivers
• Rising demand for polymer concrete across
  emerging applications due to enhanced properties
  such as the ability to form complex shapes,
  brilliant vibration damping, and rapid curing
  properties is fueling the market growth of
  polymer concrete. Polymer concrete is now widely
  used across applications such as pump bases,
  waste containers, chemical containments,
  industrial flooring blocks, and trench drains.
  The aforementioned factors are projected to
  propel the market growth of polymer concrete over
  the forecast timeframe.

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Figure 1.  Global Polymer Concrete Market,
Revenue Share (), By Region, 2018
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• Market Restraints
• The high cost of polymer concrete compared to
  other materials is restricting its application
  across special needs. This factor is expected to
  hamper the market growth of concrete polymer over
  the forecast timeframe. Also, rising usage of a
  special type of plastics as a cheaper alternative
  to polymer concrete that offers the same
  properties as polymer concrete is further
  anticipated to hinder the market growth over the
  forecast timeframe.
• Lack of awareness regarding the numerous
  advantages of polymer concrete is expected to
  impact the market growth of polymer concrete to
  some extent. Moreover, polymer concrete can be
  used across an application where there is less
  consumption of energy and less manpower. This
  factor is also projected to restrict the market
  growth of the polymer concrete over the forecast
  timeframe.

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• Market Opportunities
• Rising usage of polyester vinyl ester-based
  materials in the polymer concrete is projected to
  serve significant opportunity over the forecast
  timeframe. Since epoxy-based materials are
  comparatively more expensive than polyester
  vinyl ester-based materials, for this reason,
  manufacturers mostly prefer polyester vinyl
  ester-based materials for the production of
  polymer concrete. This factor is expected to
  propel the market growth of polymer concrete over
  the forecast timeframe.
• Growing number of research and development
  initiatives by companies in order to enhance the
  technical properties of polymer concrete such as
  compressive and flexural strength, is projected
  to open a new door of opportunity to the market
  of polymer concrete. Moreover, some new research
  also suggests that polymer concrete with enhanced
  mechanical behavior could be produced by using
  polyesters. As polyester products are claimed to
  offer low volume shrinkage, and thus suitable for
  manufacturing of polymer concrete. 

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Figure 2. Global Polymer Concrete Market
Opportunity Analysis
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• Market Trends
• A growing number of mergers and acquisitions
  among manufacturers to enhance the market
  presence is projected to propel the market growth
  of polymer concrete. For instance, in April 2017,
  integrated building materials vendor Chin Hin
  Group Bhd (Chin Hin) announced its acquisition of
  polymer concrete pipe manufacturer Mi Polymer
  Concrete Pipes Sdn Bhd (Mi Polymer) for around
  US 5.0 million to gain opportunities in the
  domestic and South-east Asia region.
• Expanding the civil construction industry is
  raising demand for polymer concrete due to its
  high vibration resistance, high impact strength
  and excellent bonding properties with materials
  such as metals that are expected to propel the
  market growth of polymer concrete. Moreover,
  rising usage of polymer concrete in repair and
  maintenance applications instead of rebuilding
  infrastructure is further anticipated to foster
  the market growth of polymer concrete over the
  forecast period.

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Figure 3. Global Polymer Concrete Market, Revenue
Share (), By Material Type, in 2018
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• Competitive Section
• Key players active in the global polymer concrete
  market are BASF SE, Sika AG, Wacker Chemie AG,
  Dudick Inc., ACO Group, Kwik Bond Polymers LLC,
  Sauereisen Inc., Hubbell Power Systems Inc.,
  Forte Composites, Inc., Ulma - Architectural
  Solutions, and Sandmix Sp. z o.o. S.K.
• Few Recent Developments
• BASF SE
• In January 2017, the Construction Chemicals
  division of BASF Corporation announced the launch
  of MasterEmaco T 5000, a chemical resistant
  repair mortar and grout. The product is available
  in North America.
• In August 2016, the company commissioned a new
  plant in Sri Lanka to produce concrete admixtures
  from global Master Builders Solutions brand
• In May 2016, the company established a new
  concrete admixtures plant in Kharagpur, India.
  This is the 6th production site for BASF in India.

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Figure 4. Global Polymer Concrete Market Value
Chain Analysis
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